HC Deb 26 March 1976 vol 908 cc319-20W
Mr. Blaker

asked the Secretary of State for Trade (1) what negotiations Her Majesty's Government have entered into to co-ordinate Western credit terms in relation to trade with COMECON countries;

(2) what is Her Majesty's Government's policy towards the Western coordination of credit terms to COMECON countries on the basis of a 7 per cent. annual interest charge and a 10-year maturity period as described in the Report of the United Nations annual survey of the Economic Commission for Europe.

Mr. Deakins

Her Majesty's Government already participate in a number of international consultation procedures concerned with officially-supported credit on terms exceeding five years for exports to all markets including the COMECON countries. The major trading nations, including the United Kingdom, are currently discussing ways of strengthening the co-ordination of such credit.

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